Immediate Release: Thursday18 December 2008
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, SOUTH AFRICA OR JAPAN
CLS Holdings plc
('CLS' or 'the Company')
Result of General Meeting and Tender Offer
At the General Meeting of the Company held at 11:00 a.m. today, the resolution
set out in the Tender Offer circular and notice of General Meeting dated 1
December 2008 was duly passed unanimously by a show of hands. The votes of
those lodged by proxy were as follows:
Resolution Votes for Votes Votes
against withheld
1 To authorise the Company to make one or 43,968,714 63,016 74,608
more market purchases of Ordinary
Shares pursuant to tender offers made
in relation to the Tender Offer
Notes
1. The "for" vote includes those giving the Chairman discretion.
2. Votes "withheld" are not counted when deciding if a resolution is carried.
3. The total number of the Company's ordinary shares in issue, excluding shares
held in treasury, at the time of this announcement was 61,745,471.
The Board of CLS is aware that receipt of some Tender Forms has been delayed in
the Christmas post, therefore the Board announces that the latest time and
receipt of Tender Forms and share certificates (for those Shareholders who hold
their Ordinary Shares in certificated form) post marked on or before 16
December 2008 has been extended from Wednesday 17 December 2008 to 5p.m. on
Monday 22 December 2008. Accordingly the results of the Tender Offer will be
announced on Tuesday 23 December 2008. As disclosed in the Tender Offer
circular, cheques will be despatched for certificated Ordinary Shares and
payment will be made through CREST for uncertificated Ordinary Shares pursuant
to the Tender Offer on 7 January 2009.
CLS is pleased to confirm that to date it has received acceptance for the
Tender Offer in full by its shareholders. Tenders for up to and including the
pro rata entitlement will be met in full. Tenders received for excess Ordinary
Shares will be subject to scale back at the rate to be announced on Tuesday 23
December 2008. The Ordinary Shares purchased by the Company pursuant to the
Tender Offer will be cancelled.
Defined terms used in this announcement shall have the same meaning as set out
in the Tender Offer circular dated 1 December 2008.
A copy of the resolution passed at the General Meeting will be submitted to the
UK Listing Authority and will shortly be available for inspection at:
Document Viewing Facility
Financial Services Authority
25 The North Colonnade
Canary Wharf
London E14 5HS
Telephone: +44 (0) 20 7066 1000
Enquiries:
CLS Holdings plc
Sten Mortstedt, Executive Chairman +44 (0) 20 7582 7766
Sarah Ghinn, Deputy Company Secretary +44 (0) 20 7582 7766